24H | DocuSign Soars 14%; Ulta Beauty Jumps 12%; Lululemon Jumps 9%; GameStop Rallies 6%

Tiger Newspress
06 Dec 2024

Keith Gill posted a mock-up of a Time magazine cover, featuring a blank computer screen with a media player that resembles YouTube. The image appears to be an edited version of the cover of the Dec. 25, 2006 issue of Time, when “You,” as in the American public, was named “Person of the Year.”

Shares of GameStop Corp., one of Gill’s original favorites in the January 2021 meme frenzy, spiked as much as 6% in overnight trading. AMC Entertainment, another darling from that era, also rose 3.7%.

More News: Roaring Kitty Sparks Meme Rally With Post of Time’s "You" Cover

DocuSign shares rose 14.5% in overnight trading. DocuSign reported an increase in billings, subscription revenue and new customer growth as business improved at the e-signature company during the third quarter.

The San Francisco-based company reported earnings per share of 30 cents for its three months ended Oct. 31, up from 19 cents a share in the year-ago quarter.

More News: DocuSign Increases 3Q Revenue and Profit; Raises FY Guidance

Cosmetics retailer Ulta Beauty raised its annual profit forecast on Thursday, signaling a bounce back in demand for perfumes and makeup during the holiday shopping season and sending its shares up more than 12% in overnight trading.

More News: Ulta Beauty Raises Annual Profit Forecast, Shares Jump

Gitlab shares jumped 8.7% in overnight trading. Gitlab again raised its full-year guidance after posting third-quarter results that exceeded its earlier guidance on rising demand from software developers.

More News: Gitlab Raises FY Guidance After 3Q Revenue Surges

Lululemon Athletica increased its full-year revenue and profit forecasts on Thursday, betting on resilient demand for its athletic wear in the U.S. during the holiday shopping season, sending its shares up about 9% in overnight trading.

More News: Lululemon Raises Annual Forecasts Betting on Robust Holiday Sales

Rubrik shares surged 19% in overnight trading after the cybersecurity company upped its guidance for fiscal 2025 after reporting stronger-than-expected third-quarter results.

More News: Rubrik Surges as Cybersecurity Company Ups Guidance After Strong Q3 Results

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